All households to be electrified before 2022: Piyush Goyal

As per the 'Report on Performance of State Power Utilities' published by Power Finance Corporation Limited (PFC), the accumulated losses and outstanding debt of DISCOMs have increased from Rs 2,53,700 crore and Rs 3,04,228 crore respectively from 2012-13 to Rs 3,60,736 crore and Rs 4,06,825 crore respectively in 2014-15.

"I am hopeful that we will improve the situation with the help of the state governments," he said.

However, since launch of Ujwal DISCOM Assurance Yojana (UDAY) in November 2015, the participating states have provisionally reported reduction in annual losses by approximately Rs 11,000 crore from 2015-16 to 2016-17, he said.

The generation capacity from all conventional sources has increased by 99209.5 MW in the period 2012-13 to 2016-17. However, there is no established correlation between DISCOMs' losses or debt with their generation capacity.

Replying to another question, Goyal said the previous attempts at addressing the DISCOMs' adverse financial position were limited, as they could not achieve financial and operational turnaround.

"Accumulated loss and debt kept on increasing due to several reasons which includes limitations of the scheme, limited participation of states and unsustainable operations of DISCOMs," he said.